India, Sept. 11 -- Technically Jeera market is under fresh buying as market has witnessed gain in open interest by 10. 99% to settled at 2091 while prices up 75 rupees.
Now NCDEX Jeera is getting support at 13830 and below same could see a test of 13765 levels and resistance is now likely to be seen at 13960 a move above could see prices testing 14025.
Jeera yesterday settled up by 0.54% at 13895 on some lower level buying and revival in export buying in the global markets However upside seen limited on update production of jeera may rise 29% to 535500 tn in the 2019-20.
Jeera exports are likely to have slumped over 59% on year to 20000 tn in Jan-Mar as the coronavirus pandemic hit demand in key markets such as China. India was at an adv...